Great Falls tribune. [volume] (Great Falls, Mont.) 1887-1890, 1887-09-07
OUR MINING INTERESTS.
The Wonders of the Great Alaska
Mine General Mining
News.

| Inc WOnuefS OF Ine UFedC AldSkd
ine-General Mining
News.
Ii On BOARD THE OLYMPIAN, August
19.-[ Especial correspondence of the IN
| dependeatl-One more the endless panor-
anna of fords, inlets, islands and noun
tains began after we left Fort Wrangell.
Morning found the Olympian we'll on her
way to Juneau and Douglass island,
| Alaska. On the latter is the famous
| Treadwell gold mine, about which so
much mystery hangs that the enquirer
| finds it very hard to get any information.
The Treadwell was located only few
years ago, and at present is without
| doubt the greatest gold mine in the world.
The vein between the foot and hanging
| walls is 463 feet wide and inexhaustible.
| It is tapped by tunnel at the depth of
| 290 feetland the farther down they go the
richer the quartz becomes. | went through
the tunnel to tue limit of the 500 feet and
| broke off specimen Or two from the far
end of the vein. Above, on the hill Size,
| one cannot realize that it is gold mine
| that is being worked, for it looks like
| huge quarry. The mill is the most COM
| plete one in the world, running 100 stamps
| night and day all the year around. Tread
well had great difficulty in inducing cap
| italists to put their money in. Expert
after expert came up and viewed the ledge
and reported adversely to it, for on the
surface the ore is of such low grade that
one and eli declared that it could not
possibly be worked at a profit. But Mr..
Treadwell persistently kept at the capital
| lists until
| HE GOT ENOUGH MONEY
to put up little fve-stamp mill. With
this he pounded out enough gold to pay
the expenses of running the tunnel and
the cost of the little mill. When his
hackers found that the vein was of i'm
mense size, and that the deeper they sunk
the richer grew the ore, they put up the
1870 O-stamp mill, and in November next
more stamps will be added, making every
man interested in the mine millionaire
| a dozen times over. The hackers of the
mine and stock owners are Senator Jones,
of Nevada, Messrs. D. O. Mills, TreadWel,
Fry and Freeborn of California. How
much gold the mine ships east each month
is jealousy guarded, but this much is
known, that it pays dividend of one dol
lar share every month of the year, and
that when the new mill is at work they
expect to paw two dollars a share every
| month. Captain Carroll has 1000 shares,
for which he paid $4,000, and he draws,
$1,000 month as regularly as clock work,
| Not a share of the stock can be bought for
any price whatever, and it is impossible to
discover how many shares have been is
sued. There is in sight now, without any
further development, enough ore to run
the 24O stamps at their full capacity, night
and dav, for one hundred and eight years,
and the chutes are only down 800 feet.
Can anv other mine in the world compare
with this?
THE NEW GOLD FIELD.
| The Fergus county argus, speaking of
the new gold discoveries in the Belt
mountains, says: The fact is, the new
discoveries are all in Fergus county, SO far
as we can learn, and located on the mid
die fork of the Judith river. In proof
of this County Clerk Kelly has received
within tle past ten days the names of
twelve locations to be placed on record in
this county. WeatherWax, formerly OF
Yogo. has located number
of properties here, built an arastra and is
realizing handsome returns. There is
quite Stampede into the Middle Fork
country from Neihart; in fact there are
more miners there than at the latter camp.
The Husbaasdnaan is very enthusiastic over
the new discovery, but it fails to mention
that the mines are located in Fergus coun-
ty and a number of miles from the head
of Sheep creek. Richard Brennan, Tim
Donovan and Pat Boyle have located a
fve-acre mill-site on Kings creek, a tribu-
tary of the Middle Fork of the Judith.
The new district is liable to develop into
a lively mining camp before winter, as a
stampede has already started in that
direction.
. SOME TAILINGs.
The Crnsus Gold & Silver Mining Com
pany has been formed at Butte with
$2,000,000 capital stock to work mines il
the Beef Straight district
: The new Mountain View Company o1
) Butte intend to work on an immense scale
They will have 10000 tons of ore on hand
ready for the new plant.
Anugget of gold weighing 1861 ounces
has been found in Colorado.
: The Belt mine on Thompson river is to
be opened up this month by Captain Gram
/, BILE, an old California miner.
: It is asserted that the Homestake mine
near Georgetown promises to be a frus
bonanza.
The Castle Mountain miners are agitat
+ ing for mail route to Livingston.
The Public Will Expressed.